Bad Credit Personal Loans Australia
Bad Credit Loans
If you are expecting to take out a loan, your credit had better be spotless. Well, that’s not true. There are in fact several bad credit personal loans Australia that will help you get the money you need. Whether you are going to college, building an addition on the house, or you’re starting a small business, these bad credit loans are just what you’re looking for.
Order a copy of your credit file
Receive email alerts whenever specific changes occur on your credit file for 12 months. You also receive a copy of your credit file despatched within one working day.
Receive your credit file with information on:
- Details of consumer credit enquiries
- Details of overdue consumer credit accounts
- Commercial credit enquiries
- Details of overdue commercial credit accounts
- Bankruptcy & Court Judgements
- Writs & Summons
- Information on your current relationship with a credit provider
Comparing the Various Lenders
The good news is that there are quite a few lenders, so you get to take advantage of the lowered interest rates as they all vie for your business. The bad news is that bad credit personal loans Australia are likely to have higher interest rates than other loans. That’s because you have become a higher risk than someone else with better credit. That being said, you should still look for the loan that offers the lowest rates so as to save more money in the long run.
ANZ
ANZ has quite a few bad credit personal loans Australia. These loans come with an average interest rate of 13.95% p.a. Some of the loans have variable interest rates, so you should speak to the lender to make sure you are absolutely clear as to what your interest rate will be should you take out the bad credit loan.
CITI
Of course CITIbank offers the CITIbank bad credit personal loans Australia that has an interest rate of only 4.90%. This is a variable interest rate, so again speak to the lender.
When there is a variable rate, you will want to read all the fine print so that you aren’t surprised by a jumping rate, which could make your payments more than you can afford. Only by reading the fine print, and asking questions of the lender, can you properly plan how to pay the loan back.
Aussie
The Aussie personal loan has a similar fixed interest rate as other bad credit personal loans Australia at about 13.90%. Once you get all the bad credit personal loans Australia together, compare them against each other and only choose the one that offers the best deal for your needs.
Featured Personal Loans
| Personal Loan | Details | Min Interest Rate | Min Comparison Rate | Min Loan Amount | Min Loan Terms | Apply Fee | |
|---|---|---|---|---|---|---|---|
 ME Bank Personal Loan | A low rate personal loan from ME Bank with no application fee for a limited time. | 13.59% | 13.81% | $5000 | 1 year | $0 |   |
 Aussie Personal Loan | A smart way to consolidate your bills to save time and money so you can pay for your holiday, a wedding or renovate the house. | 13.90% | 14.84% | $3000 | 1 year | $199 | |
 Sugar Money Personal Loan | Fixed rate personal loan with flexible options to get you funds when you need it. | 13.99% | 15.00% | $3000 | 2 years | $250 | |
 bankmecu Personal Loan | A convenient and fast way to purchase a car or debt consolidation with affordable rates and fees. | 13.49% | 14.55% | $1000 | 1 year | $150 | |
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